An economic report showed that the Chinese economy had the slowest growth in almost a decade, this favored the yen against high-yielding currencies. Several factors pushed the yen up today against major currencies, it rose against the U.S. dollar on speculations that reports will show weakened numbers from the construction sector, combined with an increase for unemployment benefits claims. A report from the […]
Read moreThe increasing confidence in Prime Minister Gordon Brown helped the pound to rally to $1.50 for the first time in three months. The pound sterling has been showing a significant rise against major currencies since the beginning of the year, if compared to the USD, it has strengthened 2.6%, and more than 8% against the euro. Polls in the United Kingdom show that the Prime Ministers party, for […]
Read moreEUR/USD traded both down and up during todays Forex session. The U. S. fundamental reports didnt bother the Forex market much; it just continued to move with the current risk-averting trend. EUR/USD is now trading near 1.3204. Building permits in U.S. were at a seasonally adjusted annual rate of 513k in March — down from 564k (revised up from 547k) in February. Housing starts were at 510k compared to 572k (revised down […]
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